World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 


APEC provides boost to world economy, says Gita

APEC provides boost to world economy, says Gita

Surabaya, Indonesia, 20 Apr 2013 - APEC member economies are in a position to provide an added boost to the world economy and the multilateral trading system. This is vital to sustaining the gradual recovery that appears to be currently underway, said Gita Wirjawan, Indonesia’s Trade Minister when he opened the APEC Ministers Responsible for Trade Meeting on Saturday in Surabaya.

At their meeting this weekend, Ministers are discussing ways to support the multilateral trading system including attaining the Bogor Goals, achieving sustainable growth with equity and promoting connectivity. They have also gotten briefings from the World Trade Organization and the private sector.

“We gather here at a time when the global economy is believed to be improving although the road to recovery may be still bumpy,” explained Gita. “The world is increasingly looking at APEC as a new source for global economic growth.”

Gita acknowledged that increasingly economies in the Asia-Pacific view regional trade agreements as a way to reduce barriers to business and strengthen economic productivity.

The region is host to some development toward new trade configurations such as the ASEAN Economic Community, Trans Pacific Partnership, Regional Comprehensive Economic Partnership, China-Japan-Korea talks, as well as new sub-regional and bilateral initiatives.

But this trend does not undermine the value of strengthening the World Trade Organization.

Gita urged APEC to provide a big push for a successful 9th WTO Ministerial Conference in December in Bali. This is considered by some as the only window of opportunity to the Doha Round of negotiations.

“APEC has been an important forum that supports an open and rules based trading system, building upon the confidence to move together on opening up and reforms whether unilaterally, regionally or multilaterally.”

“APEC has always recognized the importance of complementing the economic integration with capacity building,” added Gita. “The world around acknowledges the role APEC has played in taking both collective and individual actions to address the economic challenges of modern times.”

Ministers will continue their meeting here in Surabaya on Sunday.

ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

'Very Concerned' After Court Ruling: UNHRC On Transfer Of 267 People From Australia To Nauru

Most of these people were reportedly brought to Australia from Nauru to receive medical treatment and are in a fragile physical and mental state. The group includes more than 12 women and at least one child who have allegedly suffered sexual assault or harassment while in Nauru. The group also includes 37 children born in Australia. More>>

ALSO:

Sanctions To Be Lifted: NZ Welcomes Implementation Of Iran Nuclear Deal

Duty Minister Nikki Kaye has welcomed the next stage in the historic nuclear deal between Iran, the Five Permanent (P5) members of the United Nations Security Council, and Germany... “New Zealand has now started the domestic process for removing the UN sanctions." More>>

ALSO:

Pre-Davos Reports: 62 People Own Same Wealth As Half The World

Runaway inequality has created a world where 62 people own as much wealth as the poorest half of the world’s population – a figure that has fallen from 388 just five years ago, according to an Oxfam report published today ahead of the annual gathering of the world’s financial and political elites in Davos.. More>>

ALSO:

Jakarta: UN Secretary-General On Attacks

The Secretary-General condemns the bombings and gun attacks in Jakarta today... there is absolutely no justification for such acts of terrorism. He hopes the perpetrators of today's attacks will be swiftly brought to justice. More>>

ALSO:

Werewolf: America, The Gated

How, in a global metropolis like New York, do you write about immigration as a problem to be solved? And yet immigration is a hot button issue among those fighting to break away from the unruly clump of starters in the race for Republican nominee. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
World
Search Scoop  
 
 
Powered by Vodafone
NZ independent news